HIGHLY(SH:600619)2025-04-29 08:48Financial Performance - The company's operating revenue for Q1 2025 was CNY 6,753,488,847.90, representing a 21.03% increase compared to CNY 5,579,797,885.50 in the same period last year[3]. - The net profit attributable to shareholders was CNY 15,256,118.62, a significant recovery from a loss of CNY 6,525,171.85 in the previous year[3]. - The company's operating revenue increased by 21.0% year-on-year, primarily driven by significant growth in sales of rotor compressors[12]. - Net profit attributable to shareholders turned from loss to profit, increasing by CNY 21.78 million compared to the same period last year[12]. - The company reported a total profit of ¥63.27 million in Q1 2025, recovering from a loss of ¥3.21 million in Q1 2024[21]. - The net profit for the first quarter of 2025 was a loss of CNY 6,987,128.92, contrasting with a net profit of CNY 15,051,395.79 in the same period of 2024, indicating a decline in profitability[31]. Cash Flow - The net cash flow from operating activities increased by 848.11%, reaching CNY 189,389,696.28, compared to CNY 19,975,430.96 in the same period last year[3]. - Cash flow from operating activities generated ¥189.39 million in Q1 2025, a substantial increase from ¥19.98 million in Q1 2024[24]. - In Q1 2025, the net cash flow from operating activities was $6,627,083.58, a decrease of 52.4% compared to $13,953,928.02 in Q1 2024[34]. - Cash inflow from investment activities in Q1 2025 was $618,401,552.69, significantly up from $130,108,748.70 in Q1 2024, marking an increase of 376.5%[34]. - The net cash flow from investment activities improved to $249,266,995.10 in Q1 2025, compared to a negative $153,930,043.60 in Q1 2024[34]. - The ending cash and cash equivalents balance increased to $1,260,780,942.81 in Q1 2025, up from $889,598,468.83 in Q1 2024[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 24,491,391,770.56, a 4.24% increase from CNY 23,494,568,287.06 at the end of the previous year[4]. - Total current assets amounted to CNY 16.53 billion as of March 31, 2025, compared to CNY 15.60 billion at the end of 2024[16]. - Total liabilities increased to CNY 16.62 billion from CNY 15.65 billion at the end of 2024[17]. - Total liabilities rose to CNY 5,061,828,569.23 as of March 31, 2025, compared to CNY 4,686,989,165.03 at the end of 2024, marking an increase of about 8%[28]. - The company reported a total equity of CNY 7.87 billion, slightly up from CNY 7.84 billion at the end of 2024[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 146,931, including 20,852 B shareholders[9]. - The largest shareholder, Shanghai Electric Group, holds 26.41% of the shares, totaling 283,433,348 shares[9]. Government Support and Future Plans - The company received government subsidies amounting to CNY 12,742,375.88, which positively impacted its financial results[5]. - The company plans to continue expanding its market presence and investing in new product development to sustain growth[6]. Product Development - The company reported a significant increase in sales of its main product, the rotary compressor, contributing to the improved financial performance[7]. - New products such as electric compressors for new energy vehicles and heat pump air conditioners received new orders from clients including Geely and Isuzu[12]. Research and Development - Research and development expenses increased to ¥346.01 million in Q1 2025, a 52.59% rise from ¥226.92 million in Q1 2024[20]. - Research and development expenses for the first quarter of 2025 were CNY 67,082.26, indicating ongoing investment in innovation despite the overall loss[31].